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Fincash » Search » Sterling Tools Ltd

Sterling Tools Ltd

Updated on October 15, 2020

Stock/Share Code - STERTOOLS

Sterling Tools is engaged in the manufacturing and marketing of high tensile cold forged fasteners.

Below is the details of STERTOOLS Sterling Tools Ltd

Market Cap₹646.09 Cr.
Current Price ₹180.85 as on 21 Oct 20
52 Week High / Low Price₹261.5 / ₹105.3
Face Value₹2
Stock P/E46.41
Book Value₹85.69
Dividend Yield1.11 %
ROCE11.57 %
ROE10.71 %
Sales Growth (3yrs)-0.60 %
SectorCastings, Forgings & Fastners
IndustryFasteners
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt.
Cons: The company has delivered a poor growth of 1.38% over past five years. Tax rate seems low Dividend payout has been low at 10.28% of profits over last 3 years Promoter holding has decreased over last 3 years: -4.38%

Sterling Tools Ltd Price Chart

Sterling Tools Ltd Price Chart

Sterling Tools Ltd Peer Comparison in Castings, Forgings & Fastners

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Sundram Fasten. ₹405.45 46.73 ₹9,471.54 Cr. 0.92 -₹26.7 Cr. -127.95 -68.39 373.17 15.61
2. Sterling Tools 46.41 ₹646.09 Cr. 1.11 -₹8.77 Cr. -200.23 -80.57 20.27 11.57
3. Simm. Marshall ₹43.68 Cr. 1.28 -₹4.09 Cr. -6916.67 -23.36 31.62 -4.87
4. G S Auto Intl. ₹9.75 ₹7.98 Cr. 0.00 ₹0.42 Cr. -38.24 -56.83 16.18 1.79
5. Lak. Prec. Screw ₹13.65 ₹5.58 Cr. 0.00 -₹12.66 Cr. 30.21 -16.37 51.35 0.28

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Sterling Tools Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020
Sales -114.96108.84131.19131.27139.35123.28118.30104.3189.2484.8685.8320.27
YOY Sales Growth %20%33%32%34%21%13%-10%-21%-36%-31%-27%-81%
Expenses -88.6885.80110.55106.03112.63105.47102.1285.7974.6170.9271.5525.12
Material Cost %35.90%34.40%39.18%40.99%40.57%38.34%41.62%39.07%36.58%37.30%37.69%41.84%
Employee Cost %6.98%7.80%6.28%7.06%5.95%7.41%7.73%9.16%10.32%11.22%9.32%39.02%
Operating Profit26.2823.0420.6425.2426.7217.8116.1818.5214.6313.9414.28-4.85
OPM %22.86%21.17%15.73%19.23%19.17%14.45%13.68%17.75%16.39%16.43%16.64%-23.93%
Other Income2.062.321.541.861.681.101.721.382.001.44-2.011.14
Interest0.930.850.960.730.690.651.601.391.291.791.791.80
Depreciation4.354.684.254.564.624.835.045.465.736.486.565.94
Profit before tax23.0619.8316.9721.8123.0913.4311.2613.059.617.113.92-11.45
Tax %36.25%36.61%30.41%35.67%34.13%38.50%34.72%32.95%25.08%30.80%-108.42%23.41%
Net Profit14.7012.5711.8114.0315.218.277.358.757.204.928.18-8.77
EPS in Rs4.083.493.283.894.222.302.042.432.001.372.27-2.24
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020TTM
Sales -148178246295282301340369371453512364280
Sales Growth %-3.90%20.01%38.42%19.72%-4.25%6.68%12.84%8.62%0.41%22.11%13.09%-28.89%
Expenses -133148210259248261294308295362426303242
Material Cost %50.82%43.09%45.83%45.62%46.14%43.32%43.32%38.84%36.14%37.15%40.38%37.72%
Manufacturing Cost %22.40%23.98%24.00%24.96%24.36%24.73%26.60%27.77%27.75%28.25%28.65%7.74%
Employee Cost %9.42%9.26%8.90%8.44%8.63%8.97%8.52%9.07%8.75%7.93%7.44%9.96%
Other Cost %6.92%6.76%6.56%8.79%8.69%9.50%8.06%7.81%6.95%6.65%6.75%27.73%
Operating Profit15303636344146617691866138
OPM %10%17%15%12%12%13%14%17%20%20%17%17%14%
Other Income1012222276633
Interest767101087664467
Depreciation666891012131718192425
Profit before tax319242017242943607570349
Tax %42%38%33%27%37%35%26%35%35%35%36%14%
Net Profit2121615111621283949452912
EPS in Rs0.473.224.484.153.024.406.047.7011.4613.5112.458.063.40
Dividend Payout %40%30%22%23%31%22%16%36%17%15%16%0%

Compounded Sales Growth

  • 10 Years:: 7.42%
  • 5 Years:: 1.38%
  • 3 Years:: -0.60%
  • TTM:: -42.26%

Compounded Profit Growth

  • 10 Years:: 10.57%
  • 5 Years:: 8.64%
  • 3 Years:: -4.57%
  • TTM:: -64.83%

Return on Equity

  • 10 Years:: 20.95%
  • 5 Years:: 22.08%
  • 3 Years:: -8.47%
  • 1 Year:: 23.81%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Share Capital -777777777777
Equity Capital6.846.846.846.846.846.846.846.846.847.207.207.20
Reserves455364758294110127157241277302
Borrowings525677938865726940349955
Other Liabilities -242536393341464767727882
Trade Payables101120191621262729363322
Advance from Customers00021100221
Other liability items141417181719202036344460
Total Liabilities128141185214210207236250271355462445
Fixed Assets -787787101107109130138155149182253
Gross Block114118135155170182214225258269319
Accumulated Depreciation3641475464738487103121137
CWIP00010301010471
Investments0024456618727234
Other Assets -496395108999010010598124161158
Inventories132237474036424146558259
Trade receivables303140413735393634454228
Cash Equivalents12858611131411
Loans n Advances5911911814131318195
Other asset items-1-0-073533251455
Total Assets128141185214210207236250271355462445

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Cash from Operating Activity -25911183849285662484252
Profit from operations163136383744516578928863
Receivables7-6-11-312-840000
Inventory8-9-15-974-61-5-9-2823
Payables-3-180-35600000
Other WC items00-00-10-607-85-28
Working capital changes12-16-18-12411-1552-16-23-5
Direct taxes-3-5-7-7-4-7-8-14-19-28-23-6
Exceptional CF items0-00000000000
Cash from Investing Activity --8-4-18-24-12-17-30-25-27-76-92-3
Fixed assets purchased-7.99-4.90-16.86-22.73-12.12-17.30-29.80-25.58-21.82-24.61-95.09-45.97
Fixed assets sold0.250.430.190.320.201.311.300.855.960.330.380.43
Investments purchased0.000.000.000.000.000.000.000.000.00-51.110.00-3.00
Investments sold0.000.000.000.000.000.000.000.000.000.586.7845.87
Interest received0.000.000.000.000.000.000.000.000.000.000.000.14
Investment in group cos0.000.00-1.75-2.000.00-1.00-1.130.00-11.990.000.000.00
Other investing items0.000.000.000.000.000.000.00-0.760.47-0.77-4.010.00
Cash from Financing Activity --19-4134-23-33-4-21-422652-42
Proceeds from shares0.000.000.000.000.000.000.000.000.0044.310.000.00
Proceeds from borrowings2.166.6229.5128.7012.347.6518.3217.2815.366.4174.2114.00
Repayment of borrowings-11.78-2.560.00-11.55-5.80-16.89-11.32-20.56-44.28-12.27-9.24-39.63
Interest paid fin-6.78-5.35-5.93-9.54-9.80-7.15-6.55-5.62-5.11-3.49-4.20-7.21
Dividends paid-2.40-3.20-1.60-3.98-7.95-4.00-4.00-12.36-8.24-8.67-8.69-8.69
Financial liabilities0.000.000.000.000.000.000.000.000.000.000.00-1.73
Other financing items0.000.00-8.680.00-12.04-13.030.000.000.000.000.000.87
Net Cash Flow-106-23-2-59-8-137

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Ratios

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
ROCE %9%22%23%19%15%19%20%26%30%31%22%12%
Debtor Days746459504842423634373028
Inventory Turnover4.995.054.363.683.504.054.514.213.714.053.572.33

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All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.